2006 Regular Session

HOUSE BILL 340

File Code: Taxes - Property - Local
Sponsored By:
Delegates McConkey, Bartlett, V. Clagett, Cluster, Costa, Dwyer, Elmore, Gilleland, Glassman, Haddaway, Holmes, Mayer, McMillan, Myers, Parker, Pugh, Sophocleus, and Weir
Entitled:
Maryland Estate Tax - Unified Credit Effective Exemption Amount

Synopsis:

Increasing from $1,000,000 to $1,250,000 the maximum applicable exclusion amount under the federal estate tax on which the unified credit used to determine the Maryland estate tax is calculated; and applying the Act to decedents dying after December 31, 2005.

History by Legislative Date

House Action
1/26
First Reading Ways and Means
2/22
Hearing 3/8 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Tony McConkey, District 33A
Delegate Joseph R. Bartlett, District 4A
Delegate Virginia P. Clagett, District 30
Delegate John W. E. Cluster, Jr., District 8
Delegate Robert A. Costa, District 33B
Delegate Donald H. Dwyer, Jr., District 31
Delegate D. Page Elmore, District 38A
Delegate Terry R. Gilleland, Jr., District 32
Delegate Barry Glassman, District 35A
Delegate Jeannie Haddaway, District 37B
Delegate Marvin E. Holmes, Jr., District 23B
Delegate Wm. Daniel Mayer, District 28
Delegate Herb McMillan, District 30
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Rosetta C. Parker, District 47
Delegate Catherine E. Pugh, District 40
Delegate Theodore Sophocleus, District 32
Delegate Michael H. Weir, Jr., District 6

Bill indexed under the following Subjects:

ESTATES AND TRUSTS
EXEMPTIONS
FEDERAL GOVERNMENT
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 7-309 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered